Majority of UK adults support raising IHT threshold above £325,000

Attitudes not swayed by current economic situation, experts say

Julia Bahr
clock • 3 min read

There is little support for the government bolstering tax take from inheritance tax (IHT) despite the current pressure on public finances, according to a recent YouGov poll commissioned by law firm Kinglsey Napley.

Some 63% of respondents supported the idea of the government raising the £325,000 threshold at which the estate of the deceased is required to pay IHT. According to the poll, 48% backed the idea of abolishing IHT completely, while 16% said increasing the current 40% IHT rate was a good potential step. In light of Chancellor Jeremy Hunt's comments that there were difficult decisions ahead on tax and spending to rebalance the UK economy, YouGov surveyed 1,700 UK adults on 20 and 21 October. They were asked to seek their views on potential IHT rule changes. Kinglsey Napley partner and he...

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